What Does the EU’s $414 Million Fine Mean for Meta and Social Media?

Matt Steib reports in New York Magazine: 2022 was a rough year for Meta with shares of Mark Zuckerberg’s company dropping 64 percent by the end of December. And so far 2023 isn’t going much better. On Wednesday, European Union regulators determined that Facebook, Instagram, and WhatsApp — all owned by Meta, which is based in Ireland for tax…